I’ve been watching crypto from the sideline for a few years. In the last six months I have realised what it actually is: a big Dutch tulip Ponzi scheme but unlike what we saw in the dot com boom with VCs inverting in speculative start ups because of FOMO. When interest rates go up further and people get incentivised to put their cash in the bank to earn some low risk, yet boring interest rates on term deposits, I hope we will see this giant Ponzi scheme come crashing down like there’s no tomorrow.